GTL SOOTHES FEARS OVER RELIANCE MERGER
GTL Infrastructure is trying to quell fears among telecom operators that its recent merger with Reliance will compromise the mobile-tower operator’s independence, thus giving Reliance a significant advantage over rivals. GTL Chairman, Manoj Tirodkar, has said that the merger will not prevent GTL from entering into deals with competitors of Reliance.
SAMSUNG TARGETS IPHONE WITH NEW GALAXYS
FT writes that Samsung is hoping that its latest Android-based device, the GalaxyS, will help the handset maker grab a greater share of the global smartphone market. The GalaxyS sold an impressive 200,000 units in its first week in South Korea, to be compared with the iPhone, which has sold 800,000 units in six months.
QATAR TELECOM SEEKS DEALS DESPITE DEBT
With support from its rich government, Qatar Telecom continues to look for more acquisition opportunities, despite its heavy debt burden, reports FT. Recent acquisitions include the Indonesian PT Indosat, a majority holding in Wataniya Telecom in Kuwait as well as licenses in Iraq, Oman and Palestine.